The Global Agriculture Technology as a Service Market research study published by Emergen Research is an extensive collection of insightful information about the Agriculture Technology as a Service industry. The global Agriculture Technology as a Service market size is expected to reach USD 4.93 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising need to increase global food production owing to rapid growth in global population. Manufacturers turned service providers are offering affordable agriculture technologies as services to small farmers, which is helping them to enhance productivity and farming efficiency. Growing preference towards drone farming, smart livestock monitoring, autonomous-farming machinery, and smart-building and -equipment management are other key factors boosting demand for services related to agriculture technologies. Increasing utilization of smart crop monitoring solutions, which aims at optimizing resource usage and crop growth through real-time, precises and location-dependent adjustments are driving growth of the agriculture technology as a service market. Farmers are adopting drone farming as it provides more frequent, cost-effective remote monitoring of large areas, and enables remote interventions to boost yield and reduce losses caused by crop pests.
The report covers the Agriculture Technology as a Service Market segmentation along with a detailed outline of the Agriculture Technology as a Service market size with regards to volume and valuation. The report provides comprehensive coverage of the Agriculture Technology as a Service market scenario for the current period and forecast timeline of 2021-2028. The Agriculture Technology as a Service market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions. Factors influencing the growth of the Agriculture Technology as a Service market and impacting the growth of the industry are studied extensively in the report. The report discusses in detail the positive and negative impact of the pandemic on the Agriculture Technology as a Service industry. The supply chain disruptions and economic volatility have altered the dynamics of the Agriculture Technology as a Service industry. The report explores the effects of the pandemic on the market and its key segments and regions.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Agriculture Technology as a Service market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Agriculture Technology as a Service market landscape.
The Agriculture Technology as a Service research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the report are:
Trimble Inc., Deere & Company, AGCO Corporation, IBM Corporation, Accenture plc, Airbus S.A.S., AT&T Inc., Raven Industries, Inc., Topcon Corporation, and SGS S.A.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
Service type Outlook (Revenue, USD Billion; 2018–2028)
- Equipment-as-a-Service (EaaS)
- Software-as-a-Service (SaaS)
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Guidance Technology
- Data Analytics and Intelligence
- Variable Rate Application Technology
- Sensing Technology
Application Outlook (Revenue, USD Billion; 2018–2028)
- Soil Management
- Navigation and Positioning
- Yield Mapping and Monitoring
- Crop Health Management
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Agriculture Technology as a Service market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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